Federal Budget time again and lots of ideas are swirling
around about how we should change the tax mix and re-distribute the revenue.
Unfortunately, the ideas continue to add to already over
complex tax and distribution processes – and the numbers and cost of the public
servants that administer the system.
Australia has one of the highest taxing environments of the developed
world – and some good re-distribution systems. However, there are areas
requiring improvement and great frictional loss in the system due to process
ineffectiveness and inefficiencies.
We need to rethink and reset the system for better outcomes.